ABC Business News

iStock/ChiccoDodiFC (NEW YORK) — T-Mobile will pay some $19.5 million as part of a settlement with the Federal Communications Commission after a 12-hour outage in June of last year resulted in the failure of tens [Read More…]

Extreme Media/iStock (NEW YORK) — The White House announcement Tuesday that the U.S is taking the rare step of releasing oil from the nation’s strategic reserve in an attempt to lower gas prices comes as [Read More…]

webpay/iStock (NEW YORK) — Macy’s is turning some of the iconic balloon designs from its annual Thanksgiving Day parades into non-fungible tokens (NFTs), some of which will be auctioned to benefit the Make-A-Wish foundation. NFTs [Read More…]

Rey Del Rio/Getty Images (BATTLE CREEK, Mich.) — Negotiations are resuming on Monday between Kellogg Co. and the union representing some 1,400 cereal plant workers who have been on strike for more than six weeks. [Read More…]

pabradyphoto/iStock (WASHINGTON) — President Joe Biden announced Monday he will nominate Federal Reserve Chairman Jerome Powell to a second four-year term amid new concerns about controlling inflation and took the opportunity to respond to those [Read More…]

Mario Tama/Getty Images (KANSAS CITY, Mo.) — With inflation driving up costs and Thanksgiving right around the corner, Americans across the country are feeling the effects. Kansas City mother of four Talitha McFadden James said [Read More…]

Aja Koska/iStock (NEW YORK) — Prices on household essentials like groceries and gas are climbing at a rapid clip, causing new financial distress for Americans right as they plan their first holiday gatherings since the [Read More…]

JasonDoiy/iStock (SAN JOSE, Calif.) — Theranos founder Elizabeth Holmes will return to the stand on Monday at her criminal fraud trial in a California federal court. Holmes, who is accused of defrauding investors out of [Read More…]

Microsoft (NEW YORK) — This week marks twenty years since Microsoft unveiled the very first Xbox.  On November 15, 2001, at an event that included a guest appearance from Duane “The Rock” Johnson, then-Microsoft CEO [Read More…]

Justin Sullivan/Getty Images (SAN JOSE, Calif.) — Federal prosecutors have rested their nearly 11-week case against Elizabeth Holmes, the former Theranos CEO accused of misleading investors to bankroll her one-time multibillion-dollar Silicon Valley start-up despite [Read More…]

artran/iStock (NEW YORK) — Walmart, Target and Macy’s say they are finding ways to bring products to shelves in time for the holiday season even though supply chain issues are still impacting the economy and [Read More…]

baona/iStock (NEW YORK) — The number of fliers this year will approach pre-pandemic levels, according to the Transportation Security Administration. However, experts said staffing shortages and a storm on the horizon threaten to disrupt Americans’ [Read More…]

4kodiak/iStock (NEW YORK) — Amazon and Starbucks teamed up to launch a new cashier-less cafe in midtown Manhattan that opens to the public on Thursday. The new concept store combines a traditional Starbucks pickup cafe [Read More…]

VelhoJunior/iStock (NEW YORK) — The pandemic has slowed down the supply chain in many sectors, but Campbell’s CEO says he expects the company’s products to be fully available this holiday season. Mark Clouse, CEO of [Read More…]

lechatnoir/iStock (NEW YORK) — When Kara Moore, a mom of three, returned to the workforce last year after nine years as a stay-at-home mom, she struggled to find a job. Moore, 42, who holds a [Read More…]

iStock/Wolterk (NEW YORK) — The United Autoworkers Union announced Wednesday night it has voted to ratify an agreement that ends the strike of thousands of John Deere workers. The agreement was approved by a vote [Read More…]

stevezmina1/iStock (LOS ANGELES) — The iconic Staples Center in Los Angeles will change its name to the Crypto.com Arena this Christmas, marking the end of an era for the stadium and becoming perhaps the latest [Read More…]

stevezmina1/iStock (LOS ANGELES) — The Staples Center is getting a new name before the new year. Arena owner AEG announced Tuesday a new 20-year partnership with Singapore-based cryptocurrency platform, Crypto.com. Beginning December 25, the Staples [Read More…]

Delmaine Donson/iStock (BATON ROUGE, La.) — While laws against natural hair discrimination continue to be introduced in states and localities around the country, there are also big changes being made for future hair professionals — [Read More…]

iStock (NEW YORK) — Amazon will pay a $500,000 settlement related to California’s “right-to-know” labor law after state regulators alleged the retail giant failed to adequately notify warehouse workers and local health agencies of COVID-19 [Read More…]